Experian to include rent payments in credit scores

Experian: global data and tech operations drive solid growth

FTSE 100 giant Experian has announced plans to include rental payments in a major revamp of the formation of credit scores.

The agency said it was overhauling its scoring system to better reflect “more of the everyday financial behaviours that matter” which included things “like paying rent or reducing overdraft use”.

It follows a warning by The Financial Freedom for Everyone campaign, arguing that millions of renters were being locked out of home ownership due to rent payments being excluded from credit ratings.

The group had warned that the system unfairly penalises renters, holding them back from accessing financial opportunities, including home ownership, due to rent not being automatically recognised as a credit scor